Reserve Bank of Malawi

Welcome to Reserve Bank of Malawi Website

The Reserve Bank of Malawi was established under an Act of Parliament in July 1964 (Chapter 44:02 Laws of Malawi) and started its operations in June, 1965 in Blantyre. It replaced a branch of the Federal Bank of Rhodesia and Nyasaland founded to serve as a central bank of the Federation of Rhodesia and Nyasaland. The federation comprised Southern Rhodesia (now Zimbabwe), Northern Rhodesia (now Zambia) and Nyasaland (now Malawi) . click here to read more

Exchange RatesOct 21, 2019

Currency Buying Selling
EUR 811.3898 827.6159
GBP 938.2944 957.0584
USD 727.2473 741.7907
ZAR 49.2545 50.2395


Inflation Rates (%)Overall

12-Month 9.20 Sep - 2019
Non-Food: 5.40 Food: 13.90


Bank RatesEffective Month:
May 2019

Bank Rate 13.50
Lending Rate (Min) 13.9
Lending Rate (Max) 24.68
Savings Deposit Rate 4.58


Treasury Bills

Treasury Bills Auction Results

Auction Date:  Sep 16, 2019

The Reserve Bank of Malawi wishes to notify the public that during the auction held on Monday, Sep 16, 2019, it raised MK 4,797.90 Million. For more details, click the link below...

TB Auction Results Summary 17 September 2019  | view archive


The Government of Malawi seeks to issue through the Reserve Bank of Malawi the following respective tenors of Treasury Notes. Learn More 

 Download Bid Forms and Prospectus

 Latest Treasury Notes Results  | view archive


Download forms and related documents for RBM bonds here. You can also submit your bids by sending email to
Bid Form For 3-year Bond
Prospectus of 3-year Bond